11/18/2004
Current Trading Hours on NYMEX ACCESS®:
(Gold, Silver and Copper)
Sundays: 7:00 PM to 8:00 AM Mondays through Thursdays: 2:00 PM to 8:00 AM.
(Aluminum)
Sundays: 7:00 PM to 7:40 AM Mondays through Thursdays: 2:00 PM to 7:40 PM
Proposed New Trading Hours on NYMEX ACCESS®:
(Gold, Silver and Copper)The Regular Trading Hours for Gold, Silver, Copper and Aluminum will remain unchanged.
Sundays: 7:00 PM to 8:00 AM Mondays through Thursdays 2:00 PM to 8:00 AM FRIDAYS 2:00 PM to 4:30 PM
(Aluminum)
Sundays: 7:00 PM to 7:40 AM Mondays through Thursdays 2:00 PM to 7:40 AM FRIDAYS 2:00 PM to 4:30 PM
Although the changes in trading hours for Gold, Silver and Copper on NYMEX ACCESS® does not require a rule amendment, they affect a "Special Matter" under the terms of the COMEX By-Laws. Accordingly, COMEX Division Members have ten (10) days to submit a petition signed by owners of at least 155 COMEX Division Memberships requesting a vote of the COMEX Division Members to disapprove the amendments, pursuant to the procedures set forth under COMEX By-Law 205(D). If a petition is not received, or if the amendment is not disapproved, it will be submitted to the Commodity Futures Trading Commission ("CFTC").